In the article, we will consider how the depository of Sberbank functions. The depositary of Sberbank PJSC rightfully occupies a leading position in its market segment. However, despite the growing activity of the population in exchange matters in 2019, many still do not know what it is.
In addition to the main activities of a credit and deposit nature, as well as maintaining current accounts of its own customers, Sberbank provides a large list of other financial services. One of the most requested services is a depository. In this market segment, this financial institution holds a leading position. Some customers have been using Sberbank for a long time.
What is custody service?
Custody service is a banking service for servicing custody accounts, with the help of which the bank's customers store securities and conduct accounting and other operations with them.
A client who wishes to purchase securities must open a custody account for crediting them. On this account they will be listed and with their help they will be managed.
A depository is a division of a banking organization that is engaged only in professional activities related to stock exchanges.
A distinctive feature of such a unit is that it does not participate in direct trading in securities, but merely acts as an intermediary who carries out storage and accounting of securities. His responsibilities include registering records of subsequent actions taken with them.
This means that in order to acquire securities and organize their subsequent storage in a banking organization, a client should open a custody account. It is on him that the acquired securities will be subsequently transferred. Their storage is carried out in electronic form. If the owner has a desire to sell the Central Bank, the bank transfers them to his account. The main and important feature of such accounts is that the bank not only stores financial instruments, but also fully manages them.
Main functions
The main functions of the Sberbank depository include:
- Opening a special account for any type of transaction, not only with Russian, but also with foreign securities.
- The provision of services related to the encumbrance of securities: collateral operations, their mandatory accounting.
- The transfer of purchased or sold securities between accounts and the documentary recording of this process.
- Implementation of the exchange process between various depositories.
- Providing a variety of analyzes and reports, compiling statements of custody accounts.
- Crediting and accumulating dividends and income on securities held by the depository.
- Corporate activity in the main areas: consolidation, fragmentation, subsequent conversion, taking part in shareholders meetings by the power of attorney provided by the client.
This list does not reflect the full range of services provided by the depository. The Bank also acts as a custodian of international depository banks, assuming obligations associated with the storage and accounting of underlying assets aimed at issuing, paying off receipts.
Depository services for individuals
Sberbank carries out comprehensive work on the creation and maintenance of deposit accounts opened by citizens of the Russian Federation and foreign customers. In addition, the client has the right to choose any bonds, regardless of where their issuer is located.
The central office of the depository is located in Moscow, however, for the convenience of its customers, the banking organization has provided many points at which customer service takes place.
Sberbank Special Depository
In addition to servicing individuals, the priority customers for the bank are large companies that wish to use the services of Spetsdeposository LLC. It should be immediately noted that the maintenance and servicing of accounts opened by legal entities is carried out in accordance with other tariffs, which differ significantly from the tariffs for the provision of services for individuals.
The list of Sberbank services provided to legal entities is almost identical to that of individuals. In addition to basic services, services are also available for insurance organizations, organizations that independently regulate, the whole range of services related to maintaining a register of mortgage coverage, storage, accounting of mortgages.
It should be noted that at present, a specially designed mobile application is also provided that allows you to carry out remote activities with your depot accounts. At the same time, the security and quality of service of the application fully complies with the standards of the Russian Federation provided for such activities.
Services for the maintenance of depositary receipt programs
Consider the depository services in more detail. Another priority area of Sberbank's activity is participation in programs related to depository receipts. Currently, the service portfolio contains 55 active programs that Sberbank serves, provided by 32 companies (Russian).
The most common are subsidized programs. Programs of this kind are incredibly beneficial not only for the issuer of securities, but also for buyers. Using depo accounts, bank customers can easily create and repay ADR / GDR.
Licensing
Like any other activity of Sberbank, the provision of custody services is licensed. The license approves the obligations and rights of this banking organization as a professional market participant in securities, and allows it to carry out the agreed activities.
The activities of Sberbank are confirmed by license 045-02768-000100, which is valid from November 8, 2000.
Address of Sberbank depository in Moscow: ul. Vavilova, 3.
Tariffs
How much do Sberbank services cost? One of the most important features of this banking organization is its low depositary service tariffs. For legal entities and individuals, they differ, but the bank guarantees its customers the provision of certain services on a gratuitous basis.
What are the tariffs of the Sberbank depository? Administrative operations on depot accounts of individuals are carried out free of charge, and the services for the storage and accounting of securities will cost 30 rubles per day. Opening an account of a nominal holder in the register of securities owners - 10,000 rubles. A fee of 1% of the amount is charged for transferring funds to another credit institution. According to reviews, customers are generally satisfied with the rates of Sberbank depository.